The Commerce Department's International Trade Administration and eBay Inc. announced a new agreement on February 26 to raise awareness of export opportunities among U.S. small- and medium-sized companies. The announcement follows the appointment of John Donahue, Chief Executive Office of eBay, to the President's Export Council in December 2013.

The agreement is designed to expand U.S. government export programs to better serve traders and businesses in the online marketplace as part of the Obama administration's National Export Initiative. It seems that the Commerce Department may have found an ideal partner; eBay's online platform contributed to more than $45 billion in international trade and payments in 2013, with 97% of U.S. sellers on the site reportedly participating in cross-border transactions.

Szymon Maziakowski